Olaplex Q3 2021 Earnings Report
Key Takeaways
Olaplex Holdings, Inc. announced financial results for the third quarter ended September 30, 2021, with net sales increasing by 81% to $161.6 million compared to the third quarter of 2020. The company also completed its initial public offering during the quarter.
Net sales increased 81% to $161.6 million, driven by growth across all distribution channels.
Gross profit increased 103% to $127.5 million, with gross margin increasing to 78.9%.
Net income increased 99.9% to $56.6 million, or $0.08 per diluted share.
Adjusted EBITDA increased 63.3% to $106.8 million, representing 66.1% of net sales.
Olaplex
Olaplex
Olaplex Revenue by Segment
Forward Guidance
The Company is introducing its outlook for Fiscal Year 2021. For Fiscal 2021:(Dollars in millions)20212020 Actual% change(based on mid-point)Net Sales$580 - $588$282+107%Adjusted Net Income*$263 - $268$131+103%Adjusted EBITDA*$392 - $398$199+98%
Revenue & Expenses
Visualization of income flow from segment revenue to net income